A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters
A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters

Malaysia’s economy shrinks by 17.1 per cent in Q2, worst slump since Asian financial crisis

  • The coronavirus pandemic and three-month lockdown hit business activity and supply chains, causing the worst contraction since the 1998 crisis
  • The central bank revised its GDP forecast lower, but said it expects a gradual recovery in the second half as the economy reopens

Topic |   Coronavirus pandemic
A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters
A man walks in front of the Petronas Twin Towers in Kuala Lumpur. Malaysia’s economy contracted in the second quarter as a result of the Covid-19 restrictions. Photo: Reuters
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